Solana is up 7.02% at $22.14, with a market valuation of $8.8 billion as of press time. Pal has predicted that the price of Solana would rise above $400. In the last week, the cryptocurrency market as a whole has been on the upswing, with Solana (SOL) at the forefront with a 15.54% surge in the last 7 days. Solana (SOL) is up 7.02% at $22.14, with a market valuation of $8.8 billion as of press time. Raoul Pal, a seasoned investor, has expressed his unwavering optimism about a future price increase in Solana (SOL). In a recent interview with InvestAnswers, Pal speculated that following Ethereum’s 2018 bottom, Solana might mostly follow in ETH’s footsteps. Surge by a Factor of 20 The price of ETH increased by a factor of 47 at that time. According to Pal, even if Solana can’t match Ethereum’s success, it still has a chance to grow by a factor of 20. This estimate seems reasonable to him in light of Solana’s long-standing protocol and the obvious increase in network and ecosystem activity, he says. Pal has predicted that the price of Solana would rise to above $400 if his forecast comes true. If this were to occur, it would be a significant gain from its previous bull market high of $259.96. Contrary to the rest of the cryptocurrency market, Solana (SOL) has been doing well over the last week. Solana’s (SOL) price is being influenced by the ongoing bullish momentum and is now trading above the $20 resistance mark. There may not be a single cause for the recent increase in SOL prices, but several macro factors and overall momentum. Moreover, Pal continues by saying he anticipates Bitcoin (BTC) could increase by a factor of two to three from its all-time high. Highlighted Crypto News Today: Shiba Inu and LEASH Take the Lead in CMC Trends: Here’s Why

Two notices were issued on July 10 by the Virtual Assets Regulatory Authority (VARA). The regulator did not specify which requirements BitOasis had not met. Due to BitOasis’s failure to comply with regulatory requirements within the allotted time limit, the crypto regulator in Dubai has suspended the exchange’s operating license. Two notices were issued on July 10 by the Virtual Assets Regulatory Authority (VARA). Stating that enforcement action had been taken against BitOasis and that the Dubai-based company was under review. No Firm Granted FMP License Yet BitOasis was awarded a conditional license on April 12. Nevertheless, VARA said that the company was unable to begin operations unless “key conditions over 30-60 day timeframes” were satisfied. BitOasis’ “Licence for Institutional and Qualified Retail Investors remains ‘non-operational,'” according to VARA’s statement, however, the regulator did not specify which requirements BitOasis had not met. According to a blog post published in May, BitOasis was the first company in Dubai to get a “minimum viable product operational license” from VARA, enabling it to provide broker-dealer services to eligible institutional and retail investors in the emirate. For a Full Market Product (FMP) license to be given, this is the last stage in a lengthy procedure. As of right now, no company has been granted an FMP license by VARA. According to VARA, BitOasis must adhere to the terms of its existing license in order to apply for the FMP license. Moreover, as per the regulator, the organization would “continue to monitor the situation for regulatory compliance remediation.” The regulator reprimanded Su Zhu and Kyle Davies, founders of defunct crypto hedge firm Three Arrows Capital, in April. VARA discovered that they were advertising their unlicensed cryptocurrency exchange OPNX in Dubai. Highlighted Crypto News Today: DeFi Protocol Arcadia Finance Hacked for $455,000

After the Arkham token sale news, Binance observed one of the huge BNB deposits in the last 12 hours. The daily trading volume of BNB surged 180% to stand at $895 million. Blockchain analytics Lookonchain reported a huge BNB transfer that occurred on Binance in the last 12 hours. An anonymous whale moved nearly 141,835 BNB, worth $35.1 million, to 4 prominent Binance deposit addresses. Notably, the upcoming Arkham (ARKM) token sale on Binance Launchpad is detected as the most probable reason behind this whale activity. This event has spurred the daily trading volume of BNB to spike by 180% over the past 24 hours. BNB Surges Ahead of Arkham (ARKM) Token Sale Crypto exchange Binance announced its 32nd IEO on its native launchpad — the Arkham (ARKM) token sale — on Monday. ARKM will be the native token of Arkham Intel Exchange, a crypto data marketplace of Arkham Intelligence, a renowned blockchain intelligence platform. With the motto to “deanonymize the blockchain,” this marketplace enables users to trade on-chain data. On July 18, the ARKM token allocation to users, based on the count of the locked BNB, will be determined. To participate in this, users will have to accumulate and lock in Binance Coin (BNB). BNB Weekly Price Chart (Source: CoinMarketCap) In the wake of this speculative IEO, the BNB price observed a bullish rally over the past 24 hours. On Binance, the price of BNB/USDT jumped 7% from $231 to $248 at press time. At the time of writing, BNB traded at $248.12 with a 24-hour trading volume of $895,672,635. Highlighted Crypto News Today: Binance Launchpad All Set To Host Arkham (ARKM) Token Sale

PEPE recently reached a new peak, driven by the significant hype surrounding Bitcoin Exchange-Traded Funds (ETFs). However, as the initial excitement surrounding ETFs subsided, Bitcoin (BTC) experienced a period of fluctuation. Notably, during this time, PEPE has been gradually making lower highs. Amidst these fluctuations, it becomes essential to examine the underlying factors that have contributed to the declining trend in PEPE’s price perfomance. Are there external market forces at play, or is it indicative of a broader shift in the cryptocurrency landscape? Additionally, how will this development impact the future trajectory of PEPE and other cryptocurrencies? PEPE Price Performance: From Highs To Fluctuations PEPE recently reached a new high of $0.00000190. However, its current price on CoinGecko stands at $0.00000152, reflecting a modest 4.3% rally in the past 24 hours. Nevertheless, over the course of the last seven days, PEPE has experienced a significant decline of 13%. Technical indicators further emphasize the shift in PEPE’s price trajectory. A PEPE price report highlights that various indicators have flashed sell signals. Notably, the Relative Strength Index (RSI) has made lower highs, indicating a decline in buying pressure over the past few days. Moreover, the On Balance Volume has eased, suggesting a decrease in demand, while the Average Directional Index (ADX) has dropped below 20, indicating a lack of a strong trend for PEPE. These technical signals hint at the challenges PEPE has faced in the face of its recent fluctuations. Altcoins’ Massive Pullbacks Amidst Bitcoin’s Extended Consolidation Meanwhile, Bitcoin (BTC) has entered a phase of extended consolidation, with its price fluctuating above the $30,000 mark for nearly two weeks. This prolonged period of stability, coupled with intermittent fluctuations, has had a cascading effect on the broader cryptocurrency market, leading to significant pullbacks in most altcoins, including PEPE. BTC’s status as the leading cryptocurrency makes its price movements a crucial factor influencing the market sentiment and performance of other digital assets. When Bitcoin experiences extended consolidation, investors and traders often exercise caution and become more hesitant to make significant moves. As a result, altcoins, which rely on BTC’s stability and positive market sentiment, tend to be more susceptible to pullbacks and corrections. The pullbacks in altcoins have been notable, with many experiencing substantial declines in value during this period of Bitcoin’s consolidation. The high correlation between Bitcoin and altcoins like PEPE exacerbates the impact of the crypto’s fluctuations on their prices. As the alpha coin’s consolidation continues, closely monitoring its price movements and assessing the subsequent impact on altcoins and meme coins like PEPE becomes paramount for market watchers. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from PBS

Shiba Inu (SHIB) burn rate surged more than 3800%. Recent SHIB whale transactions show positive signs, reaching the highest level since April. Shiba Inu (SHIB), the popular meme coin, has experienced an astounding surge in its burn rate, leading to the removal of a staggering number of tokens from circulation. According to data from Shibburn, the burn rate of SHIB skyrocketed by more than 3,800% on July 10, resulting in the permanent elimination of 508,958,446 SHIB tokens. Shiba Inu’s burn rate surges amidst mounting excitement for Shibarium’s public launch, which is confirmed to take place in August at the Blockchain Futurist Conference in Toronto, Canada. Shiba Inu (SHIB) Burn Rate (Source: Shibburn) At the time of writing, the SHIB burn rate had climbed over 2688% by sending 59,98,46,344 SHIB to dead wallets. Despite a recent slowdown in the burning rate over the past week, the current spike has reignited interest in the project. Shiba Inu (SHIB) Market Cap Shrinks Shiba Inu (SHIB) is currently priced at $0.00000760, a decrease of over 91% from its previous all-time high of $0.00008845, which was recorded on October 28, 2021. Also, the meme coin sees a marginal decrease in market capitalization; currently valued at $4.47 billion, resulting in a lower ranking of 19th place. But still, positive signs in whale transactions and token circulation have caught the attention of market observers. Whale transactions have reached their highest level in three months, further fueling renewed interest in SHIB. The tweet from Santiment revealed that 14 separate whales transferred over $1 million as of July 6. Further, Shiba Inu continues to generate buzz and intrigue within the meme coin community. Shiba Inu (SHIB) Price Chart (Source: Tradingview) Also, the price of Shiba Inu soared over 0.66% in a day and 11% in a month. Further, the Shiba Inu moving average (MA) indicates the short-term pullback. Recommended for you Shiba Inu (SHIB) Price Prediction 2023 Breaking: Shibarium Launch Date Confirmed, Shiba Inu Fans Wait Is Over!

The current price of Polygon (MATIC) is $0.7412. In the past 24 hours, MATIC has increased by 9.33% . Polygon (MATIC) price continues to surge, benefiting from the positive momentum generated by the Polygon 2.0 initiative. The recent expansion of the blockchain’s network capabilities contributed to a significant surge in the MATIC price. MATIC price chart (source:TradingView) As of now, MATIC is at $0.7412, with a 24-hour trading volume of $530,110,599. Within the last 24 hours, MATIC has demonstrated a notable growth of 9.33%. Analyzing the trading movements in the crypto market, MATIC’s Relative Strength Index (RSI) currently stands at 58.77, indicating that MATIC is currently in a neutral state without being overbought or oversold. Additionally, Polygon Lab made headlines last month with the unveiling of Polygon 2.0, a comprehensive upgrade package that aims to establish the Value Layer of the internet. Through this initiative, Polygon envisions an ecosystem that facilitates effortless value generation, exchange, and programming for its users. Furthermore, over the past few years, Polygon has actively pursued partnerships with mainstream companies, solidifying its position among the top cryptocurrencies. Also, In a recent development, the layer 2 scaling platform has joined forces with telecommunications giant Deutsche Telekom. As part of this collaboration, Deutsche Telekom will act as one of the validators on the Polygon Proof-of-Stake (PoS) network. Highlighted Crypto News Today Polygon (MATIC) Price Prediction 2023

BNB price (Binance coin) is rising above $245 against the US Dollar. The price could start a strong increase if it clears the $250 and $255 resistance levels. Binance coin price is attempting a fresh increase from the $232 zone against the US Dollar. The price is now trading above $240 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $248 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might gain bullish momentum above $248 and $250. Binance Coin Price Eyes Fresh Rally In the past few days, BNB price saw a couple of swing moves from $250. There was a move below the $240 support zone. However, the bulls were seen active near the $232 support zone. The price traded as low as $231 and is currently rising, similar to Bitcoin and Ethereum. There was a move above the $240 resistance. The price climbed above the 50% Fib retracement level of the downward move from the $255 swing high to the $231 low. BNB price is now trading above $240 and the 100 simple moving average (4 hours). On the upside, it is facing resistance near the $248 level. There is also a major bearish trend line forming with resistance near $248 on the 4-hour chart of the BNB/USD pair. It is close to the 76.4% Fib retracement level of the downward move from the $255 swing high to the $231 low. The next major resistance is near $250. A close above the $250 resistance might increase the chances of a push above the $255 resistance. Source: BNBUSD on TradingView.com A clear move above the $252 resistance might start a steady increase. The next major resistance is near the $270 level, above which the price might rise toward the $285 resistance. Another Rejection in BNB? If BNB fails to clear the $250 resistance, it could start another decline. Initial support on the downside is near the $240 level and the 100 simple moving average (4 hours). The next major support is near the $232 level. If there is a downside break below the $232 support, the price could drop toward the $222 support. Any more losses could send the price toward the $210 support. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $240, $232, and $225. Major Resistance Levels – $250, $255, and $270.

Justin Sun, the co-founder of Tron, withdrew 30,000 ETH, worth roughly $56 million, via two addresses via Lido, a liquidity staking service provider, on July 10, Lookonchain reveals. Following his move, his Ethereum stake via Lido is down to 263,294 ETH, or $491.6 million at spot rates. Justin Sun Unstakes From Ethereum Lookonchain, a blockchain analytics platform, notes that between February 25 and 27, Sun staked 288,100 ETH, or $538 million, and earned 5,194 ETH, or $9 million. This translates to average daily earnings of 38 ETH, or $72,000, going by the annualized percentage yield (APY) of around 4.87% offered by Lido on Ethereum stakers. The reasons behind Sun’s withdrawal of 30,000 ETH from Lido are unclear. It could indicate his intention to sell some of the ETH, transfer to a different staking platform, or even run his private Ethereum validator node. Despite this transfer, Sun remains one of the largest stakers at Lido, accounting for over 9% of the total ETH staked. While Sun’s decision to unstaked and transfer coins may be a cause of concern, ETH prices are firm when writing on July 10 and edging closer to $1,900. Contrary to fears ahead of the Shanghai upgrade in mid-April, the number of users staking ETH remains upward. Trackers show that over 21 million ETH has been locked by over 657,000 validators as of July 10. With the Shanghai upgrade implemented, ETH holders who had staked at least 32 ETH in the Beacon Chain from December 2020 can withdraw their assets. Despite earlier fears that more coins will be withdrawn and sold in the spot markets, impacting ETH prices, more validators and more coins have been locked on the Beacon Chain and other staking solutions. Will The SEC Dampen Coin Staking? Lido, the leading staking provider for ETH, is the largest decentralized finance (DeFi) protocol by total value locked (TVL), according to DeFiLlama. As of July 10, Lido managed over $14.6 billion of assets, most of which are ETH. Over $14.5 billion of ETH have been delegated and locked through Lido infrastructure. In Lido, users can stake ETH and other supported coins without needing lock-up periods or meeting high requirements, making it an attractive option for some investors. In lawsuits filed against crypto exchanges Binance and Coinbase in early June, the United States Securities and Exchange Commission (SEC) alleged that some proof-of-stake coins, including Cardano’s ADA and Algorand’s ALGO, were unregistered securities. Following this assessment, their prices tanked, even impacting ETH. This is partly because Ethereum is now a proof-of-stake network after transiting from a proof-of-work algorithm and uses the same consensus system as those employed by competing smart contract platforms accused of issuing unregistered securities. The situation is worsened by Gary Gensler’s failure to clarify whether ETH is a utility like Bitcoin. Cover image from Canvas, chart from Tradingview

Bitcoin price is holding the key $30,000 support zone. BTC must settle above $31,000 and $31,400 to start a fresh increase in the near term. Bitcoin is showing a few positive signs above the $30,000 support zone. The price is trading above $30,200 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support near $30,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a close above $31,200. Bitcoin Price Is Stable Above $30K Bitcoin price started a fresh decline below the $30,500 support zone. However, the bulls were again active above the $30,000 support zone. BTC remained in a range and made another attempt to clear $31,000 but failed. The recent low was formed near $30,214 and the price is now moving higher. There was a move above the 23.6% Fib retracement level of the recent decline from the $31,020 high to the $30,214 low. There is also a short-term bullish trend line forming with support near $30,400 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $30,200 and the 100 hourly Simple moving average. The bulls are now facing resistance near the $30,600 level. The next resistance is near the $30,700 zone. It is close to the 61.8% Fib retracement level of the recent decline from the $31,020 high to the $30,214 low, above which the price might retest $31,000. To start a steady increase, the price must settle above $31,000. Source: BTCUSD on TradingView.com The next major resistance is near the $31,400 level. Any more gains could open the doors for a move toward the $32,000 resistance zone. More Losses in BTC? If Bitcoin’s price fails to clear the $30,700 resistance, it could start another decline. Immediate support on the downside is near the $30,200 level and the trend line. The next major support is near the $30,000 level, below which there could be a drop toward $29,850. Any more losses might send the price toward the $29,400 level. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $30,200, followed by $30,000. Major Resistance Levels – $30,700, $31,000, and $31,400.

Ethereum price is attempting a fresh increase from $1,825 against the US Dollar. ETH could rally if there is a clear move above the $1,900 resistance. Ethereum is currently attempting a recovery wave above the $1,855 zone. The price is trading above $1,865 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $1,900 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above $1,900. Ethereum Price Revisits Resistance Ethereum’s price remained stable above the $1,825 support zone. ETH started a slow recovery wave and was able to climb a few points higher above $1,850, similar to Bitcoin. The bulls were able to push the price above the 100-hourly Simple Moving Average. The price broke the 50% Fib retracement level of the key decline from the $1,955 swing high to the $1,825 low. However, the bears were seen active near the $1,900 resistance zone. There is also a major bearish trend line forming with resistance near $1,900 on the hourly chart of ETH/USD. Ether is now trading above $1,865 and the 100-hourly Simple Moving Average. Immediate resistance is near the $1,890 level. The first major resistance is near the $1,900 zone and the trend line. The trend line is close to the 61.8% Fib retracement level of the key decline from the $1,955 swing high to the $1,825 low. Source: ETHUSD on TradingView.com A close above the $1,900 resistance could start a decent increase toward $1,975. The next major resistance is near the $2,000 level. Any more gains could send Ether toward the $2,050 resistance or even $2,120. Another Rejection in ETH? If Ethereum fails to clear the $1,900 resistance, it could start another decline. Initial support on the downside is near the $1,865 level or the 100-hourly Simple Moving Average. The first major support is near the $1,825 level, below which there is a risk of a larger decline. The next major support is near the $1,740 level. Any more losses could send Ether toward the $1,720 support level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,825 Major Resistance Level – $1,900

The difficulty of mining Bitcoin has been steadily climbing for some time now, as more and more miners compete with one another to be the one to mine the next block on the Bitcoin blockchain successfully. With the weather now clearing up in Texas, the world’s Bitcoin mining stronghold, miners are coming back online to double down on their operations. This time around, this has pushed the mining hash rate to a new all-time high. Hash Rate Reaches All-Time High Over the weekend, the mining hash rate reached a new all-time high. According to info from Hashrate Index backed by data from Ycharts, Bitcoin’s hash rate spiked to 465 EH/s on Saturday from 406 EH/s on the previous day. Specifically, the 7-day average hash rate hit 401 EH/s on Saturday, while the 3-day average has risen a more staggering 18% to 448 EH/s. Although the hash rate has now dropped to 425 EH/s at the time of writing, it is still at its highest levels and up more than 119.1% from one year ago. The increase in the hash rate has naturally led to an increase in the block production rate. Over the last couple of months, BTC miners had been targeting a block production rate of 6 per hour, now, a block is produced at an average time of 9 minutes and 15 seconds. Bitcoin Mining Revenue Hits $184 Million In Q2 Bitcoin has seen a flurry of increase in transaction volumes this year, as the cryptocurrency continues to dominate the industry. In the past 24 hours alone, the total volume of bitcoin traded increased by 30.37%. According to a report by published by Coin Metrics on July 5, BTC miners generated a remarkable revenue of $2.4 billion during the second quarter of 2023. Out of this amount, $184 million came from transaction fees alone, representing more than the five preceding quarters combined. This increase in transaction fee revenue is traced to the increase in transaction volume after BRC-20 tokens were introduced on the Bitcoin blockchain. The BRC-20 came in as a token standard to allow the creation and transfer facilities of fungible tokens on the blockchain through the use of ordinal inscriptions. Bitcoin miners have also experienced favorable macroeconomic conditions in the last quarter, including lower electricity rates for miners based in the United States. On the other hand, Bitcoin mining has been growing in the Middle East, with the UAE leading the charge. Miners in the UAE now produce approximately 13 EH/s, accounting for almost 4% of the total hash rate. As for Bitcoin, the price of the cryptocurrency has been ranging in the $30,000 mark since late June.

The price of Bitcoin is stuck at its current levels as bulls and bears fight for control. The number one cryptocurrency by market cap experienced some gains in the past weeks, but volatility across the board declined, leading to the current dynamic. As of this writing, Bitcoin trades at $30,500 with sideways movement in the last 24 hours. Over the past week, the cryptocurrency has recorded a 2% loss while the rest of the sector follows and records steeper losses. Google Metric Hints At Profits For Bitcoin? According to analyst Dylan LeClair, Google searches for Bitcoin Price have declined since 2023. The chart below shows that searches for this keyword decreased since 2021. At that time, BTC was on a bull run and managed to climb as high as $69,000 from a $3,000 low last seen in March 2020. In that sense, Google searches for Bitcoin Price operate as a proxy to gauge interest in the cryptocurrency. Interest from mainstream media and non-crypto investors follows the price of the cryptocurrency. The higher the interest the chart hints at, the higher the price. Conversely, interest declines as the price of the cryptocurrency declines. Historical interest in the keyword “Bitcoin price” on Google has fluctuated to the upside, as the chart below shows. In the 2017 to 2018 bull run, the monthly searches for this keyword rose to unprecedented levels, but the percentile has been consistent on the downside since 2019 before BTC can resume its bullish momentum. In other words, since 2017, BTC only enters a bull-run phase when interest declines to a certain point; the metric is close to those levels. LeClair stated the following while pointing out: On when BTC could break its current price action, analyst and NewsBTC Editorial Director Tony Spilotro pointed at the Bollinger Bands. An indicator that gauges potential spikes in volatility and price action. Spilotro stated while sharing the chart below: Cover image from Unsplash, chart from Tradingview

Bitcoin (BTC) has been consolidating below the mid-point of the 2021-22 cycle at $30,000, with some on-chain activity metrics cooling off while others, such as money transfer volumes, are picking up. This suggests positive momentum and growing adoption for the asset, according to a recent report from Glassnode. Bitcoin Metrics Suggest A Wild Ride Ahead The report highlights that BTC’s recovery in 2023 has been remarkably robust in terms of price performance and network utilization, indicating strong underlying demand for the asset. Active address momentum is climbing again, indicating a healthy network and growing adoption of Bitcoin. The balance of supply held in profit vs. loss has reached an equilibrium point, synonymous with the several months-long ‘re-accumulation period’ in past cycles. Moreover, the report suggests that BTC volumes being transferred are starting to pick up meaningfully. BTC changing hands, lifting 75% off the FTX lows, now reaching $4.2 billion per day in total settlement. This is a positive sign for the Bitcoin network, indicating a return toward the dominance of BTC monetary transfers. The report also provides a chart demonstrating a significant supply cluster between $15,000 and $30,000, indicating that many coins changed hands over the last 12 months. Conversely, just 25% of the supply was acquired at prices above $30,000, held by buyers from the 2021-22 cycle. Furthermore, the Long and Short-Term heuristic shows that a sizeable volume of long-term holders (LTH) supply was acquired between $15,000 and $25,000 and remains unspent, despite prices reaching $31,000. Additionally, almost all coins with an acquisition price above $30,000 are held by LTHs, who are likely to create resistance should the market rally higher. Moreover, the report further highlights that the price range between $20,000 and $30,000 has seen expanding accumulation since February, despite regulatory pressure in the US. This supply distribution is quite ‘bottom-heavy,’ suggesting a relatively firm foundation of investor holdings exists below $30,000. BTC’s Independence From Altcoins On The Rise Bitcoin’s correlation with altcoins has declined in the first half of 2023, according to a report by Kaiko, a cryptocurrency market data provider. The report shows that altcoins have been hit hard by rising regulatory uncertainty in the US, with several exchanges delisting major altcoins over the past few weeks. In contrast, Bitcoin has shown resilience, attracting institutional inflows and benefiting from regulatory clarity around its status as a commodity. The report highlights that Bitcoin’s correlation with other major cryptocurrencies, such as Ethereum, Litecoin, and Bitcoin Cash, has declined significantly since last year. The decline in correlation is a sign that Bitcoin is becoming less influenced by the movements of other cryptocurrencies, indicating that it is starting to establish itself as a more independent asset. XRP saw the strongest decrease in correlation, which is linked to the token’s rising volatility as the outcome of the SEC vs. Ripple lawsuit edges closer. The report indicates that XRP’s volatility has increased significantly in recent months, leading to a sharp decline in its correlation with other cryptocurrencies. The report suggests that Bitcoin’s resilience in the face of regulatory uncertainty is largely due to its status as a commodity, which has been confirmed by regulatory bodies such as the Commodity and Futures Trading Commission (CFTC). On BTC’s one-day chart, the largest cryptocurrency in the market is currently trading at $30,500, reflecting a 0.9% increase over the past 24 hours. Featured image from Unsplash, chart from TradingView.com

Despite facing a challenging period in recent months, the price of Litecoin has demonstrated a significant upward trajectory. In June, LTC experienced a decline to $71; however, the bulls subsequently took charge and initiated a recovery. Nevertheless, over the past week, LTC’s progress slowed, with the coin retracing below the $100 mark and experiencing a loss of approximately 12%. On the daily chart, LTC witnessed a 1.5% decline. Although the coin experienced a significant devaluation on the weekly chart, the bullish sentiment remains. The technical analysis of Litecoin indicates that the bulls are currently dominant, with a minor retracement in demand and accumulation. As Bitcoin also retraced on its chart recently, other altcoins, including Litecoin, observed depreciation. Currently, Litecoin is in a crucial price zone ranging from $90 to $94. Sustaining a price above the $94 mark is expected to provide impetus for LTC to resume its upward trajectory. The market capitalization of LTC reflects a higher presence of sellers compared to buyers in the market. Litecoin Price Analysis: One-Day Chart As of the time of writing, LTC was priced at $95. The altcoin attempted to increase in value after successfully holding the $94 support level. The immediate resistance for LTC was observed at $97. The bullish sentiment remained intact for LTC as it managed to stay above the bearish order block (marked in red) formed in mid-April. Surpassing the $97 mark would propel Litecoin to challenge the $100 threshold and potentially move beyond the upper boundary of the bearish order block at $103. Conversely, if LTC fails to maintain its current level, there is a risk of breaching the $94 support, which may invite the bears back into the market. Technical Analysis Following its surge above the $100 threshold, LTC experienced a pullback as it entered an overbought condition. However, the Relative Strength Index (RSI) remained slightly above the half-line, indicating that buyers still maintained control in the market, particularly as the coin held above the crucial support level. Furthermore, LTC remained above the 20-Simple Moving Average line, signaling buyers were driving the price momentum. LTC needs to surpass the immediate resistance level in the upcoming trading sessions to sustain its upward trajectory. LTC has experienced notable capital inflows, indicating that investor interest has remained positive, as evidenced by the Chaikin Money Flow indicator. This indicates a sustained bullish outlook on the chart. Furthermore, the Bollinger Bands, which reflect price volatility and fluctuation, are currently wide open. This suggests that LTC may undergo significant price action and volatility in the upcoming trading sessions.

Bitcoin price is showing resilience in the face of adversity and is up nearly 100% from bear market lows. However, it has yet to show signs of an undeniable bull market as it has in the past. That’s because of just one missing ingredient, according to a new BTCUSD weekly chart. Bitcoin Bullish Momentum: The Missing Ingredient When cooking, or especially baking, missing even one ingredient can change the end result of the desired dish or dessert. For example, sweets without any sugar just aren’t that sweet. A prime cut of steak doesn’t quite taste as good if it hasn’t had a proper seasoning and sear. Similarly, a cryptocurrency bull market without the weekly Relative Strength Index at overbought levels, just simply isn’t a Bitcoin bull run. Historically, Bitcoin reaching oversold conditions has been a requirement for a full-bore bullish impulse. The 1W RSI is currently lacking that key signal appears to be preventing the market from pushing dramatically higher. Why Overbought RSI Is Required For A Full-Bore BTCUSD Rally The term “full-bore” is rather fitting, with Merriam-Webster defining it as “with maximum effort or speed.” The Relative Strength Index provides a read on momentum, by taking a measurement of the speed of price changes within a specific time period. When prices are moving exceedingly fast in one direction, maximum buying or selling effort is required. This is precisely why reaching overbought or oversold conditions can lead to a reversal – it takes consistently increasing effort to maintain maximum speed. However, in cryptocurrencies, the speculative nature of their pricing can result in extreme phases of FOMO where conditions remain overbought at length. Such phases, called a bullish impulse, show corresponding overbought levels in the RSI historically in BTCUSD. This particular ingredient is still missing currently in 2023, after is last appearing in 2021 and prior to that 2019. During the 2017 bull run in crypto, Bitcoin repeatedly reached overbought levels, only to return to the zone as it kept soaring higher and higher. Will BTCUSD weekly push higher and finish the recipe? Or is this a sign of a bear market rally? This chart originally appeared in Issue #11 of CoinChartist (VIP). Subscribe now for free.

Ault Alliance Distributed Approximately 58.6 Million Shares of Common Stock and Warrants to Purchase Approximately 58.6 Million Shares of Common Stock of Imperalis Holding Corp. on July 10, 2023 LAS VEGAS–(BUSINESS WIRE)–$AGREE #2nd_distribution_tranche_pending—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company, (“Ault Alliance” or the “Company”), hereby announces that the initial distribution (the “Initial Distribution”) related to securities of Imperalis Holding Corp. (OTC: IMHC), d/b/a TurnOnGreen, Inc. (“TurnOnGreen”) was completed on July 10, 2023. In the Initial Distribution, stockholders of the Company received forty (40) shares of TurnOnGreen common stock and warrants to purchase forty (40) shares of TurnOnGreen common stock (the “TOG Securities”) for each share of common stock of the Company that they owned on June 26, 2023, the record date for the Initial Distribution for a total of approximately 58.6 million shares of TurnOnGreen common stock and warrants to purchase shares of TurnOnGreen common stock. The Company intends to set a record date and payment date for the subsequent distribution(s) (the “Subsequent Distribution”) of approximately 81.4 million shares of TurnOnGreen common stock and approximately 81.4 million warrants to purchase shares of TurnOnGreen common stock that the Company presently expects will, with the Initial Distribution, constitute an aggregate of 140 million shares of TurnOnGreen common stock and warrants to purchase 140 million shares of TurnOnGreen common stock. “We are pleased to be able to offer this special dividend to our loyal stockholders,” said Milton “Todd” Ault, III, the Executive Chairman of Ault Alliance. “Completion of this Initial Distribution was difficult, in part given the similar market capitalizations of the Company and TurnOnGreen, which caused a delay in the Initial Distribution and led to our decision to complete the Distribution in tranches. However, the completion of the Initial Distribution confirms our commitment to delivering value to our stockholders, and we hope that they will find this dividend to be a valuable addition to their investment portfolio.” This press release is for informational purposes only and shall not constitute an offer to sell or exchange nor the solicitation of an offer to buy shares of the Company’s common stock or any other securities of the Company. The Initial Distribution was not made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful. Any distribution of the shares of TurnOnGreen common stock and warrants will be made only by means of the applicable registration statement and the prospectus included therein. For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at https://www.ault.com/ or available at https://www.sec.gov/. About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.ault.com. About Imperalis Holding Corp. TurnOnGreen designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets that TurnOnGreen serve include defense and aerospace, medical and healthcare, industrial, telecommunications, and e-Mobility. TurnOnGreen brings decades of experience to every project, working with its clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen’s headquarters are located in Milpitas, CA; www.TurnOnGreen.com Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at https://www.sec.gov/ and on the Company’s website at https://www.ault.com/. Contacts [email protected] or 1-888-753-2235

On-chain data compiled by Santiment, an analytics platform, shows that more people are discussing XRP, the native token of the XRP Ledger (XRPL), per statistics captured on July 10. In their assessment, the spike in social chatter, translating to higher social dominance, will most likely draw demand for the crypto asset that has recently been under selling pressure but firm. The rise in XRP’s social dominance is the highest since May, suggesting that market sentiment could change. Despite this increment, XRP prices are relatively muted, stable on the last trading day, but unable to break above $0.50, a psychological reaction level. XRP Social Dominance Rising, Will Prices Rally? Over the past few weeks, Santiment data shows that XRP’s social volume drawn from social media activity has been relatively low. This could be due to several factors, the main one being the lack of significant updates on the legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC). Beyond the lawsuit pitting the blockchain company and the regulator who has been, in recent days, cracking the whip on crypto firms, crypto prices have been soft, and XRP has been no exception. To illustrate, although the coin is firm, bulls failed to push prices above the $0.58 level. Presently, XRP is down roughly 20% from H1 2023 highs. Primary support is at around $0.45, marking June 2023 lows. Comparing the current surge in social dominance to previous instances in May, Santiment draws attention to the correlation between increased social activity and XRP price expansions. When XRP’s social dominance peaked at 7.4% in May, prices, the analytics platform observed, rose in lock-step. Meanwhile, when XRP’s social dominance decreased in May, its price also fell. Therefore, while the social dominance of XRP is firm in early July, it remains to be seen whether bulls will flow back and pump prices higher toward the $0.60 liquidation line. Bullish Signals According to Santiment, rising XRP social dominance in the current environment when prices are weak could signal that bulls may offer support in upcoming sessions. In turn, this may inject optimism and momentum considering the recent fear, uncertainty, and doubt (FUD) in crypto primarily due to the SEC’s lawsuits against two of the world’s most popular cryptocurrency exchanges, Binance and Coinbase, in June. The SEC alleges that among other coins, ADA, the native currency of Cardano, and ALGO, the token priming the Algorand ecosystem, are unregistered securities. At the same time, in December 2020, the regulator filed a lawsuit claiming that Ripple, the blockchain company, raised billions using XRP.

PancakeSwap (CAKE), a decentralized trading platform, has partnered with Google Cloud to ensure the availability and reliability of its infrastructure. As the demand for decentralized finance (DeFi) grows, PancakeSwap aims to offer users a user-friendly platform to trade their assets without intermediaries. PancakeSwap And Google Cloud Collaboration Moreover, PancakeSwap leverages Google Kubernetes Engine to scale its nodes quickly and accurately predict traffic spikes with the help of the PreditKube solution from Dysnix. Dysnix’s PreditKube solution helped PancakeSwap accurately predict traffic spikes and automate the up-and-down scaling of blockchain nodes ahead of time to manage the anticipated traffic surge. This approach ensured that PancakeSwap’s infrastructure could handle a fluctuating number of requests with high scalability, maintaining an uptime of 99.99%. Dysnix says their PreditKube solution accurately predicts more than 90% of traffic spikes on PancakeSwap. By automating the up-and-down scaling of nodes, PancakeSwap managed the anticipated traffic surge and reduced its infrastructure costs by more than 30%. One of the critical challenges for any trading platform is ensuring the security of smart contracts. PancakeSwap works with various audit firms to identify potential loopholes and leverages Cloud Armor to filter sensitive data. With its smart contracts secured, PancakeSwap aims to expand its services by adding more chains and exploring non-fungible tokens (NFTs). Moreover, to improve users’ trading experience, PancakeSwap plans to leverage BigQuery to manage and analyze historical blockchain data. By simplifying complex data, PancakeSwap aims to make blockchain trading accessible to everyone. With Google Cloud’s fully managed services, PancakeSwap’s engineers can focus on developing new features and improving the user experience rather than dealing with infrastructure issues. Chef Jojo, Technical Lead at PancakeSwap, stated: Google Cloud Boosts CAKE Token Value PancakeSwap’s native token, CAKE, has seen a 3.9% increase in value within the last 24 hours following the announcement of its partnership with Google Cloud. Currently, CAKE is trading at $1.517 after being range-bound between $1.454 and $1.481 for the past four days. The partnership with Google Cloud has provided the much-needed momentum for CAKE to break out of this range and continue its upward trend. However, CAKE is now facing a significant resistance level at $1.525, which has not been surpassed since July 6th. On the other hand, PancakeSwap’s market cap (circulating) is currently at $327.94 million, representing a decline of 1.10% in the past 24 hours. Meanwhile, its fully diluted market cap stands at $1.13 billion, representing a decline of 5.73%. According to data from Token Terminal, PancakeSwap’s revenue for the past 30 days is at $1.41 million, marking a decrease of 31.55% from the previous period. Similarly, its annualized revenue is $17.11 million, representing a decrease of 39.79%. Furthermore, Token Terminal highlights that PancakeSwap’s total value locked (TVL) is currently at $1.22 billion, representing a decline of 4.73% in the past 24 hours. On the other hand, the platform’s trading volume (annualized) is at $48.50 billion, indicating a decrease of 25.66% from the previous period. Data also shows that PancakeSwap’s P/S ratio (fully diluted) is at 64.25x, representing an increase of 38.0%. Meanwhile, its P/F ratio (fully diluted) stands at 21.71x, indicating an increase of 38.8%. Featured image from Unsplash, chart from TradingView.com

The breach on Arcadia Finance was brought to light by blockchain investigator PeckShield. Arcadia Finance verified the hack and halted the contracts to stop the flow of payments. Arcadia Finance, a protocol for non-custodial decentralized finance (DeFi), was hacked for over $455,000 due to a flaw in the code. The breach on Arcadia Finance was brought to light by blockchain investigator PeckShield. It attributed it to “the lack of untrusted input validation.” It was claimed that the code did not have a means of validating data against unverified inputs. Due to this security breach, the hacker was able to steal around $455,000 worth of Ethereum (darcWETH) and Optimism (darcUSDC). Another Vulnerability Reported Moreover, two hours after PeckShield’s notification. Arcadia Finance verified the hack and halted the contracts to stop the flow of payments. Arcadia’s code has another vulnerability that might have severe consequences for the protocol while the investigations are ongoing. Hackers may be able to bypass the protocol’s internal vault health check if reentrancy protection, which prevents multiple simultaneous entries into the protocol, is absent. The majority of the stolen cash, about 180 Ether, came from Optimism and were laundered using Tornado Cash. Ethereum tokens worth over $103,000 were taken, but they are still sitting at the suspicious wallet address. Total value locked (TVL) at Arcadia Finance has fallen precipitously since the protocol hack, from $600,000 to $140,000, a drop of 77%. With the help of its community and security measures. Arcadia has been in contact with the hacker and has tweeted about it. Arcadia Finance will need to examine its current security systems and implement stricter regulations to avoid such breaches in the future if it wants to get back on its feet. Highlighted Crypto News Today: Terra Co-Founder Daniel Shin and Others Summoned to Court in South Korea

In select markets, the Crypto.com App now offers on-chain staking, which it recently announced. Users may get rewards while actively supporting the project they back through on-chain staking. On-chain Staking Explained By locking up their tokens and aiding in network security via staking, individuals may take part in a specific Proof of Stake (PoS) network. Typically, stakers join staking pools managed by validators, who aid in transaction verification and network addition. They are rewarded with freshly created tokens in exchange. After subtracting their costs, validators may then proportionately distribute the rewards to stakeholders. Advantages of on-chain Staking in the App Users may easily put idle assets to work and earn rewards daily by staking in the app. Furthermore, as Crypto.com is free of lockup time, consumers may benefit from the freedom of staking or unstaking their holdings. This launch will support the Polkadot (DOT), Solana (SOL), and Ethereum (ETH) blockchains, with other protocols to follow. How to start on-chain staking? To start staking in the app, follow a few simple steps. For a comprehensive step-by-step manual, go to the FAQ. In the majority of countries worldwide, users may access on-chain staking using the Crypto.com App (see the FAQ for additional details). For more information, one can also check the Help Center.